Bitcoin Hits New All-Time High of $112,000 on Binance, Up 3%

Bitcoin has reached a new all-time high of $112,000 on the Binance platform, marking a significant milestone in its price history. This surge represents a nearly 3% increase from the previous day's trading session, indicating strong market demand and bullish momentum.

The breakout above the previous high of $112,000 cleared an important resistance level that had been in place since Bitcoin's last peak in May 2025. This technical confirmation of upward momentum has drawn attention from both traders and long-term investors, signaling a new phase of market confidence.

The recent rally in Bitcoin's price can be attributed to several factors, including the release of the Federal Reserve's June FOMC minutes. The minutes indicated that most policymakers believed at least one interest rate cut before the end of 2025 would be warranted, with some participants even considering a cut as early as the July 30 meeting if inflation continued to moderate. This expected change in monetary policy has generated heightened market confidence across financial markets, as lower interest rates reduce the cost of holding assets without yield, including Bitcoin.

Despite internal divisions within the Federal Reserve regarding the timing and extent of rate cuts, the broader signal of flexibility from their statement has been well-received by markets. Bitcoin's move may reflect investors' views that Fed policy could shift towards more favorable liquidity conditions, further supporting the cryptocurrency's price.

In addition to the Federal Reserve's actions, strong ETF inflows have also supported Bitcoin's recent price surge. U.S. spot Bitcoin ETFs have recorded four consecutive months of net inflows, with over $13 billion entering Bitcoin ETFs since April 2025. This steady demand has helped support prices above critical psychological levels, contributing to the overall bullish sentiment.

Global macroeconomic trends have also favored Bitcoin's rise. A weakening dollar, driven partly by increased fiscal spending and trade tensions, has encouraged demand for alternative stores of value. The approval of the One Big Beautiful Bill Act, estimated to expand the U.S. deficit by $3.3 trillion over the next decade, has heightened inflation expectations, further benefiting Bitcoin.

As of the latest update, Bitcoin was valued at $111,287, with a 24-hour volume of more than $38 billion. The asset has risen 2.24% in the last day and 1.74% on the week, highlighting sustained interest and following broader macro trends that favor reallocating assets into digital currencies.